Nokia sales and profits dip in 2nd quarter

From CNET News.com: Nokia, the world's largest maker of mobile phones, reported Thursday that its second-quarter operating profit fell 71 percent to 427 million euros ($600 million) from 1.47 billion euros during the same quarter a year earlier.

The company also reported that sales fell about 25 percent to 9.9 billion euros in the second quarter. But sales were up 7 percent sequentially from the first quarter of 2008.

Government Council Proposes $11.2B USD "A Kindle in Every Backpack" Initiative

From DailyTech: There have been many drives across America aimed at putting a computer in the hands of every child. However, across America many children lack many essential educational tools, such as a graphing calculator. Efforts to trump up donations for such hardware haven't received the same high profile as the computer drives.

Apple Releases ITunes 8.2.1

From PC World: It's a slow summer news week, so what better time for Apple to roll out a minor point release? On Wednesday, the company released iTunes 8.2.1. What exciting things come packaged beneath its calm outward exterior? Excellent question--we have no idea!

Microsoft Isn't Too Concerned About Google Chrome OS, Says Ballmer

From DailyTech: Who thinks Google's new Chrome operating system could shake up the PC market? Apparently, Microsoft CEO Steve Ballmer doesn’t see it happening. The often outspoken and controversial Mr. Ballmer had a crowd at Microsoft's Worldwide Partners Conference (WWPC) in New Orleans rolling when he shared his thoughts on the new Linux-based OS.

Zero-day flaw found in Firefox 3.5

From CNET News.com: There is a critical JavaScript vulnerability in the Firefox 3.5 Web browser, Mozilla has warned.

The zero-day flaw lies in Firefox 3.5's Just-in-time (JIT) JavaScript compiler. Proof-of-concept code to exploit the vulnerability has been posted online by a security research group, Mozilla said in a post on its security blog on Wednesday. Security company Secunia rated the vulnerability as "highly critical" on Wednesday.

Facebook hits a quarter billion users

From CNET News.com: Least surprising news of the day: Facebook has officially grown to 250 million active users across the world, according to a post on the company blog by CEO Mark Zuckerberg.

Discounted Win 7 on Sept. 1, for Businesses

From Tom's Hardware: We've all marked October 22 as the day Windows 7 hits general availability, but for businesses with volume licenses, the release of the new OS will hit on September 1.

Globalfoundries Claims 300mm Fabs Are Enough for Modern Chips

From X-bit Labs: Globalfoundries, one of the leading contract semiconductor makers, said that 300mm chip factories still have a lot of potential. The company claims that it does not make sense to transit to 450mm wafers and change loads of manufacturing equipment since modern semiconductor factories can still be improved.

Microsoft customers face licensing hurdle to online apps

From InfoWorld: Microsoft promoted more of its Web-based software offerings at its Worldwide Partner Conference in New Orleans this week, but some analysts say the company's enterprise licensing terms provide little incentive for large customers to move away from its on-premise products.

Kindles Crack, Amazon Sued

From PC World: Those who opted for a $30 protective case with the e-reader are reportedly seeing the Kindle itself crack under pressure, and one customer is suing Amazon for his troubles.

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